What Queue Discipline Is Assumed by the Waiting Line Models

question 51

Multiple Choice

What queue discipline is assumed by the waiting line models presented in the textbook?

• A) first-come first-served.
• B) last-in first-out.
• C) shortest processing time first.
• D) No discipline is assumed.

---

Definitions:

Tacit Collusion

An unspoken, implicit agreement among competitors to not compete aggressively, often leading to higher prices and less competition without explicit communication or agreements.

Price Leadership

A pricing strategy where one leading company sets the price of products or services, and other competitors in the market follow.

General Motors

An American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Price Leadership

A situation where the leading firm in an industry establishes the price of products or services, and competitors follow.